Absolutely true, and thanks for the cheerleading! It's what I eventually worked my way around to by the end of the day. I don't have to like the unexpected news, but I don't have to let it depress me.
(For your purely intellectual edification and strictly to provide you with yet another fact you don't really need, a 401k is the term used to refer to an American banking method of saving for retirement. While one is working, one can put the money into the account and not be taxed on it. Once you begin using the account, at retirement, it becomes taxable. Back in the 1980s, many American companies switched from providing pensions to opening 401k bank accounts for their employees, and having employees choose whether or not to put money away in them. In some companies, the 401k participation was mandatory. I have my own thoughts about companies that chose to do that, but I'll spare you them.)
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branchandroot
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Date: Sunday, 17 May 2015 02:56 pm (UTC)(For your purely intellectual edification and strictly to provide you with yet another fact you don't really need, a 401k is the term used to refer to an American banking method of saving for retirement. While one is working, one can put the money into the account and not be taxed on it. Once you begin using the account, at retirement, it becomes taxable. Back in the 1980s, many American companies switched from providing pensions to opening 401k bank accounts for their employees, and having employees choose whether or not to put money away in them. In some companies, the 401k participation was mandatory. I have my own thoughts about companies that chose to do that, but I'll spare you them.)